The Most Important 'Unknown' Story In The World: India's Economic Slowdown

The Most Important 'Unknown' Story in the World: India's Economic Slowdown

Could the Indian slowdown be the most important (but still somewhat neglected) story in the world right now? Vikas Bajaj reports: …the country cannot get enough fuel — principally coal — to run the plants. Clumsy policies, poor management and environmental concerns have hampered the country’s efforts to dig up fuel fast enough to keep up with its growing need for power. A complex system of subsidies and price controls has limited investment, particularly in resources like coal and natural gas. It has also…